Square Is Expanding Lending And Payment Services

by MR Magazine Staff

Square announced a new partnership on Monday that would allow restaurants and retailers that use point-of-sale hardware and software made by competitors TouchBistro and Vend to access Square’s software and services, including lending. Founded and led by Twitter CEO Jack Dorsey, Square sells credit card readers that attach to mobile phones or iPads. The company has also expanded into small business loans amid other software services pitched toward small to mid-sized merchants. Over the past few months, Square has been expanding its lending services to merchants who don’t use the payments company’s point-of-sale hardware. Read more at Fortune.